Home North Vancouver, BC Canyon Heights NV LOT 2 1061 Prospect Avenue

LOT 2 1061 Prospect Ave, North Vancouver BC – House for Sale – MLS® R3142055

LOT 2 1061 Prospect Avenue, North Vancouver, British Columbia V7R 2M6

North Vancouver Houses for Sale

111 days on the market

$1,320,000

Est. Mortgage $5,840/mo

Listing updated: Jul 16, 2026 at 09:09am

EstateBlock checked: Oct 21, 2026 at 02:45am

5 Beds

5 Baths

3196 sqft

413 $ /sqft

41.5% cheaper than comps

Photo

Premier Canyon Heights development opportunity featuring 2 LEGAL PIDs with no subdivision required. An opportunity for a builder to immediately advance one of North Vancouver's detached residential sites. The existing home has been demolished, substantial pre-development work has been completed & plans are available for 2 exceptional 3300+ sq. ft. residences, allowing you to move directly toward Building Permit applications. Perfectly positioned across from Cleveland Park & just steps to the scenic trails of Cleveland Dam, both homes are designed with sunny south-facing backyards & views of Grouse Mountain. An outstanding opportunity to save considerable time, expense, and uncertainty while bringing two premium homes to market in one of the North Shore’s most coveted neighbourhoods.

Interior Features

Basement Finished Area (sqft)	0
Basement Features	Finished
Fireplace	1
Heating Type	Other
Laundry	In Unit
# of Kitchens	2
Foundation	Concrete Perimeter

Exterior Features

Exterior Features	Balcony
View Description	Mountain Views
Roof	Asphalt
Structures	Residential Detached

Building Details

Price	$1,320,000
Total Bedrooms	5
Total Bathrooms	5
Full Bathrooms	3
Half Bathrooms	2
Floor Area Total (sqft)	3196
Age Of Building	999
Building Type	Single Family Residence
Property Type	Residential
Stories	2
Ownership Type	Freehold NonStrata
Community Features	Shopping Nearby
Utility Type	Community, Electricity Connected
Utility Sewer	Sanitary Sewer
Water (WaterSource)	Public
Parking Type	Garage Single
Total Parking Spaces	1

Lot & Land

Lot Size	4318.48
Lot Size Depth	Feet
Lot Size Frontage	33
MLS^® #	R3142055
Area	North Vancouver
Neighbourhood	Canyon Heights NV
City	North Vancouver
Postal Code	V7R 2M6
Gross Taxes	0
Zoning	RS3

Property Timeline

Status	Date	Price
R3142055 / Active	07-02-2026	$1,320,000

Rooms

Floor	Type	Dimensions
Main Level	Living Room	11'6 x 11'6 ft
Main Level	Kitchen	10'6 x 10'6 ft
Main Level	Wok Kitchen	10'2 x 10'2 ft
Main Level	Dining Room	14'3 x 14'3 ft
Main Level	Family Room	12'6 x 12'6 ft
Above Level	Primary Bedroom	14'7 x 14'7 ft
Above Level	Walk-In Closet	8'11 x 8'11 ft
Above Level	Bedroom	10'11 x 10'11 ft
Above Level	Bedroom	12'8 x 12'8 ft
Below	Media Room	9'0 x 9'0 ft
Below	Bar Room	9'9 x 9'9 ft
Below	Bedroom	13'1 x 13'1 ft
Below	Bedroom	9'6 x 9'6 ft
Below	Laundry	8'6 x 8'6 ft
Below	Storage	7'6 x 7'6 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	No	#2
Above Level	Yes	#5
Above Level	No	#4
Below	No	#2
Below	No	#3

Listed by: Sutton Group-West Coast Realty

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS^® which assumes no responsibility for its accuracy.

Map & Neighbourhood

Private Schools

Elementary
Saplings Nature School: 3.28 km
Elementary,Secondary
Cousteau L'ecole Francaise Interna'le: Above Average 4.51 km 8.8/10

Closest Transit

Bus Stop
Eastbound Clements Ave @ 1000 Block: 0.1 km
Skytrain
Seabus Station @ Lonsdale Quay: 5.56 km

Crime Rate

Total Crime Rate: Low
Violent Crime Rate: Low
Property Crime Rate: Below Average

Demographics

Post-Secondary Education: Above Average 49.4%
No Certificate/Degree: Below Average 8.2%
Owner Occupied: Below Average 54.4%
Employment Rate: Above Average 69%

Noise/ Power Lines

Road/Hwy Noise: Unlikely
Railway/Sky train Noise: Unlikely
Airport/Port Noise: Unlikely
Close to major Power Lines: Unlikely

Other

Agricultural Land Reserve (ALR): Unlikely
Flood Area: Unlikely
Close to Cemeteries: Unlikely

Sell Speed & Competition

80 / 100

Overall sell-speed score

Likely within 1–3 weeks

A+

Price competition grade

Avg comparable: $1,867,800

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 5.56 km from station

Road / Highway noise

Unlikely

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How CANYON HEIGHTS NV compares

This property

111 DOM

Slower than area

Canyon Heights NV avg

41 DOM

Average

North Vancouver avg

41 DOM

Faster market

LOT 2 1061 Prospect Avenue has a sell-speed score of 80/100, placing it in the "Expected to sell within 1–3 weeks" band. The listing is priced 41.5% below comparable active properties in Canyon Heights NV, which is a strong competitive signal. The local market is currently a Balanced Market with a sales-to-active ratio of 13.1% and an area average of 41 days on market — conditions are balanced. With only 336 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is likely to attract offers within 1–3 weeks.

Climate Risk for V7R 2M6

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V7R 2M6, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality A / Excellent

Annual avg PM2.5 3.9 µg/m³ — meets WHO 2021 guideline. Nearest station: North Vancouver Mahon Park, North Vancouver (~4.1 km). Annual avg AQHI 2.1 — Low Risk.

Heat Moderate

North Vancouver - District currently sees ~1 day above 30 °C per year (1981–2010 baseline), projected to rise to ~6 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~29.8 °C baseline, ~32.2 °C projected. Tropical nights (>18 °C): ~0 baseline, ~4 projected.

Precipitation Increasing

Annual precipitation ~1601 mm (1981–2010 baseline), projected ~1661 mm by the 2050s. Extreme 1-day rainfall: ~53.1 mm baseline, ~59.2 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~22 days baseline, ~24 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Nearby Restaurants, Cafes & Shops

Shopping (1 nearby)

Cleveland dry cleaners · 448 m · Laundry

Restaurants (1 nearby)

Sushi mori · 437 m · Restaurant

Parks & Recreation (1 nearby)

Grousewoods park · 782 m · Park

Transit (1 nearby)

Bus stop northbound capilano rd @ edgewood rd · 939 m · Transit

Schools NearBy

7 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Montroyal Elementary School	Public	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 422 m
Handsworth Secondary School	Public	Grades Served 8-12	Catchment Info —	7.6 / 10	Distance 751 m
Canyon Heights Elementary	Public	Grades Served —	Catchment Info —	5.8 / 10	Distance 1.33 KM
Cleveland Elementary	Public	Grades Served —	Catchment Info —	6.4 / 10	Distance 1.43 KM
Highlands Elementary School	Public	Grades Served K-7	Catchment Info —	8.1 / 10	Distance 2.29 KM
Mountainside Secondary School	Public	Grades Served 9-12	Catchment Info —	4.5 / 10	Distance 2.61 KM
Andre-Piolat	Public	Grades Served —	Catchment Info —	8.2 / 10	Distance 2.93 KM

Walkability & Transit Near LOT 2 1061 Prospect Avenue

Car-Dependent 31

Walk Score - Car-Dependent

Most errands require a car

Some Transit 0

Transit Score - Minimal Transit

It is possible to get on a bus

Somewhat
Bikeable 45

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Mortgage Calculator for LOT 2 1061 Prospect Avenue

/month

Principal & Interest

Property Taxes $0

Maintenance fee 0

Financing 80% of the $1,320,000 asking price over 30 years at 4% results in approximately $5,042/month in total estimated carrying costs.

or Call 778-918-5990

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Investment Cashflow Calculator

/month

Mortgage Payment

Monthly Payment

Break Even Down Payment 0%

Cap Rate

Cash on Cash

This listing generates an estimated $3,799/month in rental income, leaving a -$1,411/month cashflow at current carrying costs. Investors targeting break-even would need roughly 43% down.

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for LOT 2 1061 Prospect Avenue, North Vancouver

Buy Vs Rent Calculator

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Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.